Sichenzia Ross Ference LLP Represents Mobilicom Limited in $13.3 Million Initial Public Offering and NASDAQ Listing

Press Release – New York, NY – August 29, 2022 – Sichenzia Ross Ference LLP announced today that it represented Mobilicom Limited (NASDAQ: MOB and MOBBW), an Australian company based in Israel, in its initial public offering and NASDAQ listing. Mobilicom is a provider of cybersecurity and smart solutions for drones, robotics, and autonomous platforms. Its initial public offering consisted of 3,220,338 units, including 362,338 units sold upon full exercise of the underwriter’s option. Each unit was sold at a price of $4.13 and consisted of one American Depository Share (“ADS”) and one warrant to purchase an additional ADS at an exercise price of $5.00. Mobilicom’s ordinary shares are also traded on the Australian stock exchange under the symbol MOB.AX. The gross proceeds from the offering were approximately $13.3 million, before deducting underwriting discounts and offering expenses.

The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Avital Perlman, Jeff Cahlon, and Law Clerks Christian Lichtenberger and Anastasia Hayes.

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Sichenzia Ross Ference Carmel LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRFC’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations. The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation. Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies. The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA). These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct. Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records. The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.

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Sichenzia Ross Ference LLP Represents Mobilicom Limited in $13.3 Million Initial Public Offering and NASDAQ Listing

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